By Wendy Van Sickle
Columbus, Ohio, Feb. 24 – GS Finance Corp. priced $813,000 of 0% index-linked notes due Feb. 24, 2025 tied to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the lesser-performing index return and 55%.
If the lesser performing index finishes below its initial level but at or above 80% of its initial level, the payout at maturity will be par.
Investors will be exposed to any loss of the lesser-performing index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $813,000
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| Maturity: | Feb. 24, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus greater of lesser-performing index return and 55%; if lowest performing index falls but not below 80% of initial level, exposure to losses beyond 20%
|
| Initial levels: | 1,692.573 for Russell, 3,865.18 for Stoxx
|
| Pricing date: | Feb. 19
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| Settlement date: | Feb. 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.35%
|
| Cusip: | 40056YJR6
|
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